Telcos face cautious outlook as 5G risks remain


PETALING JAYA: The outlook for Malaysia’s telecommunications sector remains neutral, with regulatory developments surrounding the 5G dual network model continuing to weigh on mobile network operators (MNOs), according to Kenanga Research.

The research house said the upcoming equity accounting of Digital Nasional Bhd’s (DNB) financials by its MNO shareholders in the fourth quarter of financial year 2026 (4Q26) would be a key milestone for the sector, potentially providing greater clarity on the operators’ earnings and dividend outlook.

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MNO , DNB , CelcomDigi , Maxis

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